10 TIPS FOR ASSET PROTECTION PROGRAM
Asset protection planning helps you secure yourself against any potential lawsuit that strips you of all your property, bank balance, etc. This problem has become a major menace in most of the developed countries of the world as cases are piling up against the remotest breach of liabilities.
For example, on the professional front, you might be pulled to the court for various kinds of copyright infringement (like your parody of the latest teen sensation’s song or you’re deciding to paint your t-shirt with your favorite Pixar or Marvel character).
Or if you are a cafeteria owner, and a customer detects a fly on her cuppa and decides to sue you (although you are directly not responsible for it). On the personal front too, alimony issues are a sticky wicket to bat on. Thus, it can be seen that from the multi-millionaire to the commonest of the citizen, asset protection is a must-do!
So here are a few tips that can come handy if you are a novice to this concept:-
1.Consulting a financial adviser: Make sure your financial adviser is certified with the government money regulatory board. Rookie advice from friends and family are always welcome, but they don’t necessarily have the proper know-how of the labyrinths of the penal system. It is always better to ask a professional for advice.